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Efforts to get EMV chip cards into the wallets of U.S. consumers may be paying off. Some 52% of cards presented to merchants in the weeks following the Oct. 1 liability shift bear a chip, says CardFlight Inc., a mobile point-of-sale provider, in the debut of its EMV Migration Tracker. …
Read More »With a Peak Performance in 2015, Merchant-Acquiring Stocks Look to a Sustainable 2016: Report
Publicly-held merchant acquirers were the best-performing payments stocks of 2015, investment-advisory firm Keefe, Bruyette & Woods says in its “2016 Outlook: Pay for Growth in This Environment” report released Tuesday. Among the acquirers and processors KBW tracks are PayPal Holdings Inc., Global Payments Inc., Vantiv Inc., Heartland Payment Systems …
Read More »Retailers, Bankers on Opposite Sides as House Panel Considers Data-Security Bill
The U.S. House of Representatives’ Financial Services Committee on Tuesday afternoon was scheduled to consider a data-security bill that is drawing fire from merchant trade groups and consumer advocates, but which has the support of the American Bankers Association. H.R. 2205, the Data Security Act of 2015, was introduced last …
Read More »Rising Consumer Affinity for Subscription Billing Could Boost Payments Companies
Changes in consumer shopping behavior and new ways for companies to measure how they deliver a service are providing a boost in subscription billing, especially as cloud-based services become more mainstream. “The size of the subscription-billing service market is exploding with the advent of cloud-billing solutions being offered as a …
Read More »A Holiday Rebound: Shoppers Back on Track, First Data’s Transaction Report Says
Consumer shopping during the Thanksgiving-holiday weekend increased 9.4%, almost tripling the growth rate last year, according to card-transaction data released by First Data Corp. In 2014, the holiday-shopping weekend grew by 3.5% over 2013. The Atlanta-based processor analyzed the volume of transactions made at more than 820,000 merchant locations that …
Read More »Luxury Items Top Online Fraudster Wish Lists, But So Do Business Services
Just like law-abiding consumers, criminals hope to score good deals during the holiday shopping season. And luxury items and business services, such as hosting plans and search engine optimization, top their lists, finds an analysis by Forter, a San Francisco-based fraud-prevention specialist. In a report released on Monday, Forter analyzed …
Read More »Black Friday Continues As an Online Hit, But Thanksgiving Not Far Behind
Holiday shoppers took advantage of online deals on Thanksgiving and Black Friday, the day after Thanksgiving, ringing up $2.8 billion in sales for retailers, according to research firm comScore Inc. Online sales on Thanksgiving topped $1.1 billion, a 9% increase from $1 billion in 2014. Black Friday sales of $1.7 …
Read More »Retailers, Restaurants Outpace Other Merchant Types for Awareness of EMV And Liability
Retailers and restaurants have a higher degree of awareness about EMV and its accompanying liability shift than other merchant types, finds the Paychex Small Business Survey, released Tuesday. In the survey of more than 760 small-business owners between Oct. 14 and Oct. 27, 69% of those in retail and restaurants …
Read More »Universal Card Provider ScramCard Pegs its Pitch on Mitigating Fraud Risk
Backers of ScramCard, a new universal card that offers consumers the ability to load multiple credit and debit cards onto one card, hope messages touting its potential security and fraud-mitigation benefits will reach welcoming ears. Like other universal cards, ScramCard enables consumers to load their payment card details onto the …
Read More »Cinnabon Adding Revel Systems POS Tablets With EMV And Apple Pay Acceptance
Treat retailer Cinnabon is installing iPad-based point-of-sale systems made by Revel Systems Inc. in anticipation of the EMV migration. The devices also will enable Apple Pay acceptance, Revel Systems announced Wednesday. In addition to EMV and mag-stripe cards, Revel Systems devices also accept near-field communication (NFC) payments made with Apple …
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